CRUDE OIL outlook for August 25, 2014

Crude oil very close to 2014 lows. Next week is critical. If the $91/92 support is broken crude will target $85. Rebound from current levels also very likely. Short position has been very profitable. Stop-loss trailed down to $96 (on a closing basis).

WTIC_20140822

Chart courtesy of StockCharts.com. http://stockcharts.com

Please read the Disclaimer!

RECEIVE THE TRADING REPORT FREE OF CHARGE FOR 2 WEEKS BY SENDING ME AN E-MAIL AT: THETRADINGSTRATEGIST@YAHOO.COM !!!